Those provisions are to prevent investors from buying a house with these programs, which are intended to benefit certain groups, "living" in it for a short time, then renting it.

Also to prevent it from turning into parking.A very large deck or patio in the back eliminates a bunch of yard area.

Perhaps you can use some rules to prevent incorrect modifications, for example:Principles, the plural, should not be corrected because it almost always refers to the fundamental rules of RE, politics, etc.The phrases "in principle" , "life principle", "fundamental principle", etc. are fairly common and should not be fixed.The rest of them can probably be fixed through one database update and then maybe you can have something that fixes the mis-spelling in future posts.

What is gonna blow is the government realizing that it can not sustain the level of promises and the pendulum of personal responsibility will indeed swing back the other way.This will prevent the entire collaspe of our economy, but will bring us very close indeed to that cliff.

I thought that having property (TITLE for the property) under LLC will protect you from being sued, as well as it will prevent anything showing under your name as an owner. so its kinda you own nothing.I agree that you need to have umbrella insurance policy as well.I am about to do my first investment property, so was asking how to do it better.

In short, I'd love to hear how you developed your business from the ground up and what mistakes or great systems you have implemented.

I'd like to know if anyone else has heard of these implemented restrictions.

So really I want to respond to both of the issues raised, the obvious one of the repairs, and then if this as a overall issue should prevent you from buying a park laid out in this way.So... repairs under pads and homes are tricky, and require a good backhoe driver.

If you are thinking of flipping the Short Sale, they are most likely to try to prevent it under item #10 of their approval - restricting flips for 30 days.

However, there is a provision in the Preventing Mortgage Foreclosures Act (see TITLE VII—Protecting Tenants at Foreclosure Act, section 701) that may apply.